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Lagos-based Kwik Delivery platform operated by Africa Delivery Technologies has secured $1.7-million in a Pre-Series A funding round from undisclosed institutional and high net worth investors.
Kwik Delivery has secured $1.7-million in funding
Romain Poirot-Lellig, founder and CEO of Kwik Delivery comments on the companies exceptional growth and what the investment means for the startup.
“Kwik Delivery has demonstrated to customers and investors alike its efficiency as well as the relevance of its bold technology-based approach during a most challenging period. This financing round is enabling us to grow even faster and to disrupt and conquer new markets.”
The funding will be used to expand the business model across new markets.
Launched in 2019, the tech startup is an on-demand delivery platform focusing on the rich and diverse B2B and B2B2C market.
As a last-mile delivery platform, Kwik Delivery connects African businesses to independent delivery riders which are called ‘Kwiksters’. Essentially, the startup has created an easy solution for businesses in Lagos to transport or deliver their products to customers. A wide range of shipping options are available catering to different sizes of packages for delivery.
The tech startups aims to become an integral participant in the structure, facilitation, and growth of the eCommerce sector in Sub-Saharan Africa.
Through an easy-to-use delivery app available on both iOS and Android, businesses are able to deliver products across the city of Lagos.
Featured image: Kwik Delivery, Facebook